13F COMBINATION REPORT
HHLR ADVISORS, LTD.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0000902664-25-004996
Total Value
$4.09B
Positions
33
Other Managers
1
Confidential Omitted
No
Holdings (33)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 8,592,600 | $1.14B | 27.76% |
| 2 | ALIBABA GROUP HLDG LTD | BBAAY | 3,289,666 | $588.0M | 14.37% |
| 3 | FUTU HLDGS LTD | FUTU | 3,238,179 | $563.2M | 13.77% |
| 4 | WEBULL CORP | BULLW | 33,080,846 | $489.3M | 11.96% |
| 5 | BEONE MEDICINES LTD | BEIGF | 1,034,306 | $352.4M | 8.61% |
| 6 | BAIDU INC | BAIDF | 1,641,000 | $216.2M | 5.29% |
| 7 | LEGEND BIOTECH CORP | LEGN | 5,984,550 | $195.2M | 4.77% |
| 8 | NETEASE INC | NETTF | 790,807 | $120.2M | 2.94% |
| 9 | ARRIVENT BIOPHARMA INC | AVBP | 4,484,672 | $82.7M | 2.02% |
| 10 | KE HLDGS INC | BEKE | 4,236,278 | $80.5M | 1.97% |
| 11 | FULL TRUCK ALLIANCE CO LTD | YMM | 4,066,553 | $52.7M | 1.29% |
| 12 | YATSEN HLDG LTD | YSG | 4,885,873 | $44.3M | 1.08% |
| 13 | SEA LTD | SE | 180,050 | $32.2M | 0.79% |
| 14 | CLEARWATER ANALYTICS HLDGS I | CWAN | 1,365,971 | $24.6M | 0.60% |
| 15 | CYTEK BIOSCIENCES INC | CTKB | 6,657,030 | $23.1M | 0.56% |
| 16 | I MAB | NBP | 5,980,568 | $22.6M | 0.55% |
| 17 | GOSSAMER BIO INC | GOSS | 4,974,041 | $13.1M | 0.32% |
| 18 | MAZE THERAPEUTICS INC | MAZE | 457,535 | $11.9M | 0.29% |
| 19 | AGORA INC | API | 2,098,553 | $8.0M | 0.20% |
| 20 | CONTINEUM THERAPEUTICS INC | CTNM | 669,337 | $7.9M | 0.19% |
| 21 | SMART SH GLOBAL LTD | 83193E102 | 3,949,700 | $5.3M | 0.13% |
| 22 | SAGIMET BIOSCIENCES INC | SGMT | 724,800 | $5.0M | 0.12% |
| 23 | TUYA INC | TUYA | 1,564,400 | $3.9M | 0.09% |
| 24 | GE AEROSPACE | 369604301 | 10,043 | $3.0M | 0.07% |
| 25 | MOGU INC | MOGU | 847,510 | $2.9M | 0.07% |
| 26 | BRIGHT SCHOLAR ED HLDGS LTD | 109199208 | 988,143 | $1.9M | 0.05% |
| 27 | MOODYS CORP | MCO | 2,888 | $1.4M | 0.03% |
| 28 | PACIFIC BIOSCIENCES CALIF IN | 69404D108 | 918,892 | $1.2M | 0.03% |
| 29 | EQUINOX GOLD CORP | EQX | 80,500 | $902,808 | 0.02% |
| 30 | BARRICK MNG CORP | 06849F108 | 25,400 | $832,358 | 0.02% |
| 31 | ALIGOS THERAPEUTICS INC | ALGS | 76,247 | $747,221 | 0.02% |
| 32 | UXIN LTD | UXIN | 19,156 | $66,280 | 0.00% |
| 33 | RIDGETECH INC | RDGT | 20,167 | $24,604 | 0.00% |